Why Peloton Stock Popped Today

Joe Tenebruso, The Motley Fool

10 July 2020 at 6:14 pm·2-min read

Shares of Peloton Interactive (NASDAQ: PTON) jumped 6.2% on Friday after its chief financial officer hinted that the home-based fitness equipment maker could soon debut a lower-cost version of its popular treadmill. During Barron's Investing in Tech conference call on Wednesday, Peloton CFO Jill Woodworth said the company was considering a lower-priced treadmill as its next product offering. Investors' excitement over a potential new treadmill product launch drove Peloton's stock higher on Friday.

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